Martin Wolf in the FT

[Mark Jones]

Martin Wolf from today's FT [full report on the CrashList, the Slump Site of
Record]: "Yet with the world economy showing increasing economic strength,
this is the ideal time for a correction. So let us welcome the news of the
fall and hope for more to come."

The Ft like almost everyone else except those pinched by margin calls,
welcomes the "correction". It is hard to see why, as long as US consumption
remains the engine of recovery; the German "recovery" has already run into
the sand and Japan is hardly surging.

Mark Jones